On May 29, the PX commodity index was 60.00, unchanged from yesterday, down 41.41% from its peak of 102.40 points in the cycle (2013-02-28), and up 31.72% from its low of 45.55 points on February 15, 2016. (Note: Period refers to 2013-02-01 to date).
| PVA 1788 (PVA BP17) |
According to statistics, the domestic market price trend of p-xylene was temporarily stable on the 30th day. Pengzhou Petrochemical Unit operated steadily in the field. Urumqi Petrochemical Unit started 50% of the operation, Fuhai Created Aromatic Hydrocarbon Unit started one line, CNOOC Huizhou Refinery and Chemical Unit overhauled, Hengli Petrochemical PX Unit put into operation, and other units operated steadily temporarily. As the new units put into operation, the domestic market for p-xylene was normally supplied, p-bis. The price trend of toluene market is stable for the time being. The operating rate of PX plant in Asia is about 80%. On May 29, the market price of p-xylene in Asia increased by 11 US dollars per ton. The closing price is 858-860 US dollars per ton FOB in Korea and 877-879 US dollars per ton CFR in China. More than 50% of the domestic units need to be imported. The decline of foreign prices has a negative impact on the domestic market price of p-xylene. The market price trend of p-xylene in Asia is temporarily stable.
| PVA 1799 (PVA BF17) |
On May 29, the price of WTI crude oil in July fell to 58.81 U.S. dollars per barrel, a decline of 0.33 U.S. dollars. Brent crude oil in July fell to 69.45 U.S. dollars per barrel, a decline of 0.66 U.S. dollars. crude oil prices declined slightly, losing some cost support for the price of downstream petrochemical products, and the price of paraxylene Market stabilized temporarily. Recently, the textile industry has been stabilizing, PTA price has slightly declined on the 30th day. The average price in East China is raised near 5600-5700 yuan/ton. As of the 29th day, the domestic PTA start-up rate is about 83.5%, the polyester industry start-up rate is about 86.5%, and the downstream production and sales rate remains high. However, PTA market price is slightly lower, and the price of PX market is expected to be slightly lower in the later period.
| PVA FIBER |